Items tagged with ethereum
The cryptocurrency market is red-hot right now, with Ethereum (ETH) helping to lead the charge. That surge in popularity was readily on display this week, when the Ethereum network surged past 410,000 transactions during a 24-hour period — actually, it was 410,061 to be exact. This is the highest number of daily transactions on record for any public blockchain to date. Ethereum’s performance put it more than 40,000 transactions ahead of Bitcoin’s record daily high. However, despite this performance for the record books, Ether hasn’t exactly budged much in value over the past week or so....
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Just yesterday, we gave you a quick rundown of Ethereum mining performance on the brand-new Radeon RX Vega 64 and Vega 56 graphics cards (read Dave’s review here). Our initial testing showed both cards trailing an optimized GeForce GTX 1070 FE, while putting up total system power consumption figures that were a bit on the high side. Fortunately, just as we were expecting, AMD has released a new beta driver that provides a nice boost to block chain compute performance. The new test driver is aptly named, “Radeon Software Crimson ReLive Edition Beta for Blockchain Compute”. That sure is a mouthful,...
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Ethereum (ETH) has risen to become hugely popular in the cryptocurrency world over a relatively short period of time. After first appearing on the radar screens of miners earlier this year, with valuations surpassing the $400 mark in June, ETH pricing is now hovering around $300. Mining enthusiasts have built their own dedicated machines for mining Ether, with many choosing mid-range NVIDIA and AMD hardware to get the most bang for the buck and performance-per-watt. As we mentioned in our Ethereum Mining Optimization Guide, we found that the NVIDIA GeForce GTX 1070 offers a relatively high hash...
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It has been a rough month for Ethereum. After tasting sweet highs in June and surging past $400, the cryptocurrency tanked during the month of July to the $130 mark. However, Ethereum has been on the rebound for the past few weeks. That recovery was even more apparent this morning, when it surpassed the $300 mark, if only for a brief moment. According to EthereumPrice, Ethereum hit a high of $314 earlier this morning before settling down to its current valuation of $290. That’s still a stone’s throw away from $300, but if the current rising trend continues, we may see Ethereum cruise back towards...
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It is a tough time to be a gamer in need of a graphics card upgrade. There are some excellent options for gaming on the PC, but with the cryptocurrency gold rush that has taken place over the past several months, it can be difficult to (A) find certain graphics in stock and (B) not pay an inflated price for one. Digital coin miners have created a shortage, and if AMD's Radeon RX Vega 64 proves to be a mining power house as rumored, we could be looking at a similar situation for many months to come. One of the staff members at OCUK claims the hash rate on "Vega" is 70-100 million hashes per second...
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With the boom of cryptocurrencies, many geeks have flocked to the virtual mining of Bitcoin and Ethereum. The boom in Ethereum mining recently was so massive that it was hard for gamers to find AMD Radeon graphics cards for gaming PCs because so many Ethereum speculators had gobbled up all the cards on the market. Even the co-founder of Ethereum, Charles Hoskinson, has said that cryptocurrency ICOs (initial coin offerings) are a "ticking time bomb." Part of the issue with these ICOs, which often drawn large sums of money very quickly, according to Hoskinson is that they are unregulated and sidestep...
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With Ethereum (ETH) rising after recently dipping below the $200 mark, cryptocurrency thieves are back in action, once again stealing a throng of tokens. The most recent theft, which hit Veritaseum’s wallet, was valued at $8.4 million. The wallet was hit over the weekend, and that’s when all hell broke loose. Veritaseum founder Reggie Middleton explained the theft on the Bitcoin Talk forums, writing, “We were hacked, possibly by a group. The hack seemed to be very sophisticated, but there is at least one corporate partner that may have dropped the ball and be liable. We'll let the lawyers sort...
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Getting rich has never been easy, and depending on how you go about it, there can be certain risks involved. That was certainly true of the gold rush that sent miners packing for California, and it is true today as digital miners go in search of fortune by digging up cryptocurrencies. Even the co-founder of Ethereum, one of the hottest digital currencies in existence right now, warns that things are coming to a head. "People say ICOs are great for Ethereum because, look at the price, but it's a ticking time bomb," Charles Hoskinson, one of the people responsible for developing Ethereum, told Bloomberg....
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The topsy turvy world of cryptocurrency got a bit more interesting yesterday, thanks to a multi-million dollar Ethereum (ETH) heist. As we reported earlier, CoinDash was rocked by hackers Monday during its Initial Coin Offering (ICO), which is basically a crowdfunding effort that allows investors to purchase tokens. ICOs can funnel in thousands and sometimes millions of dollars within a short span of time given the recent craze surrounding Ethereum, which makes the CoinDash hack even more puzzling. The company posted its Ethereum address on its website and encouraged investors to start sending...
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Ethereum is continuing its downward spiral from its June high, as was witnessed by a particularly nasty dip that occurred on Sunday. On Friday, we reported that ETH was hovering around the $184 mark, but it dipped below $150 on Sunday to just $137. ETH has recovered somewhat since yesterday, and is now at $169. This Ethereum rollercoaster ride has had an effect on the PC hardware market as well. Over the past few months, we’ve witnessed supplies of graphics cards using for Ether mining dwindle while prices have skyrocketed. For those that were in possession of these cards — mainly AMD Radeon...
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It looks like the slide in Ethereum (ETH) prices is a bit more long-term than we expected. As we reported earlier this week, Ethereum had been on a bit of a slide for the past few weeks, briefly dipping below the $200 mark before slowly recovering. However, as we are closing out the work week, we see that Ethereum is once again falling. It has fallen over $17 in the past 24 hours, falling down to just $184.64 as of this writing. Many analysts have stated that Ethereum was due for a price correction, considering its meteoric rise since January of this year. At the start of 2017, ETH was a...
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If you’ve been keeping up with the cryptocurrency market at all over the past few years, then you’ll recognize Bitcoin as the posterchild for the digital currency movement. However, in recent months, Ethereum has been surging in popularity as more miners have discovered the relative ease in which money can be made using off-the-shelf hardware components — namely mid-range graphics cards. In addition to the hardware that you’ll need to purchase (or repurpose) for mining, there’s also energy consumption to keep in mind. Even though mining GPUs like the ASUS MINING P106 and Biostar Radeon RX 470D...
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The rise of cryptocurrency has been quite something to watch. A decade ago, the mere concept might have sounded a little bit too futuristic, but today, many use cryptocurrency on a regular basis, and perhaps even more than one type. The most notable option up to this point has been Bitcoin, which has great support the world over (as far as cryptocurrency goes), but catching up fast is Ethereum, which we've wrote about a few times in recent weeks (and even put to a performance test for transaction processing chores). Because of how out-of-nowhere cryptocurrency hit us, it would be understandable...
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Late last month, we brought you news of some new graphics cards that are specifically geared towards Ethereum miners. The cryptocurrency mining cards included the MINING RX 470 and MINING P106 from ASUS, which are based on the Radeon RX 460 Polaris and NVIDIA P106 graphics architectures respectively. Biostar is getting into the Ethereum mining mix as well with a new card, the RX 470D. Rather than retaining the full 2048 stream processors that would typically complement an RX 470-based GPU, the RX 470D has just 1792 stream processors with a core clock of 1200 MHz. This will likely limit mining performance,...
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